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Use the Following Information to Answer Questions on July

Question 7

Multiple Choice

Use the following information to answer questions Use the following information to answer questions   On July 31, the office manager gives instruction to increase the petty cash fund to CHF300. -The journal entry to replenish the petty cash fund would include a A) debit to petty Cash for CHF250. B) credit to Cash Over and Short for CHF17. C) credit to Cash for CHF242.50. D) debit to Accounts Receivable for CHF17. On July 31, the office manager gives instruction to increase the petty cash fund to CHF300.
-The journal entry to replenish the petty cash fund would include a


A) debit to petty Cash for CHF250.
B) credit to Cash Over and Short for CHF17.
C) credit to Cash for CHF242.50.
D) debit to Accounts Receivable for CHF17.

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